Greece on Tuesday launched the process of creating an order book for a new issue of 10-year syndicated bonds.
Alpha Bank, Barclays, Citi, Commerzbank, Nomura and Société Générale act as coordinators of the issue.
Greece’s issuance of 10-year syndicated bonds attracted spectacular demand on Tuesday, with bids so far exceeding 30 billion euros. The interest rate of the issue was set at 3.45% (80 basis points above the mid swap).
The 10-year bond was Greece’s first exit from capital markets for 2024 (Greece reopened a 5-year bond last week) after the country earned an investment grade rating from credit rating agencies. Greece plans to borrow 10 billion euros this year (5.4 billion in net financing needs and 4.85 billion in interest).
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